Attachments: Highest Open / Lowest Open Trade

Highest Open / Lowest Open Trade

#7,141
Edited 7:11pm Oct 2, 2016 6:13pm | Edited 7:11pm

aosora
| Joined Sep 2016 | Status: Trader | 29 Posts

is it a possibility? let the market leads!

Edit: Guh! while I was moving to a certain hotspot area, I miss some (or perhaps many) pips, at least it was already BE+1 :'( better than nothing

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#7,142
Oct 2, 2016 6:25pm Oct 2, 2016 6:25pm

LinFX
| Joined Jun 2015 | Status: Trader | 163 Posts

Quoting LinFX

Disliked

{quote}6 of 10 trades done. 4 to go! I think I'll continue my challenge next week.

Ignored

Hello all! Time to finish my first challenge from last week.

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BE + 15 pips. I guess I moved the stop too fast. But I followed the rules, so I'm happy with it since we have Rule #5.

7 of 10 trades done. 3 to go.

Missed AUDUSD setup:

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How did you guys monitor many pairs without missing the setups?

Quoting TooSlow

Disliked

{quote} Think about your question. The answer is contained within.

Ignored

Thanks Tooslow. I didn't know I actually answered my own question.

Quoting wannalearn12

Disliked

{quote}
Think about it. When the next 1h closes above the previous highest 1h open it is a NEW highest 1hr open... if you look at the "Buy Zone" for your trade entry odds are there won't be a higher 1h open and youll be banking pips knowing the avg daily range is key.

Ignored

Thanks buddy!

Stay GREEN, guys!

Simplicity is the key to brilliance

#7,143
Oct 2, 2016 7:19pm Oct 2, 2016 7:19pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,144
Oct 2, 2016 7:21pm Oct 2, 2016 7:21pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

Quoting LinFX

Disliked

How did you guys monitor many pairs without missing the setups?

Ignored

During the challenge you are only to trade the same pair.
Beginners do not get to trade multiple pairs until they have mastered trading one single pair.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,145
Oct 2, 2016 7:32pm Oct 2, 2016 7:32pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

This Is How To Resist Distraction: 4 Secrets To Remarkable Focus

"The world is not acting in our long-term benefit. Imagine you walk down the street and every store is trying to get your money right now; in your pocket you have a phone and every app wants to control your attention right now. Most of the entities in our lives really want us to make mistakes in their favor. So the world is making things very, very difficult."

- Dan Ariely

http://www.bakadesuyo.com/2016/10/ho...t-distraction/

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,146
Oct 2, 2016 7:37pm Oct 2, 2016 7:37pm

LinFX
| Joined Jun 2015 | Status: Trader | 163 Posts

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EURUSD BE+10 pips. Saw it moved closed to HO so I quickly slide the SL to 10 pips level to get ready for the short setup to happen. Sadly I was in long position, so didn't trade the short.

8 of 10 trades done.

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USDCHF BE+1

The breakeven saved my ass from a loss.

9 of 10 trades done. 1 more to go.

Quoting TooSlow

Disliked

{quote} During the challenge you are only to trade the same pair. Beginners do not get to trade multiple pairs until they have mastered trading one single pair.

Ignored

Ops... I tried to monitor 6 pairs... Okay, I'll keep it to one. Cheers.

Simplicity is the key to brilliance

#7,147
Oct 2, 2016 8:02pm Oct 2, 2016 8:02pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

Quoting LinFX

Disliked

Ops... I tried to monitor 6 pairs...

Ignored

Learning something new.
Trying to do 6 at one time.
Is that wise?
Spend the extra time reading the thread.

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,148
Oct 2, 2016 8:07pm Oct 2, 2016 8:07pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

The “Do Something” Mindset (The Power of Practicing More)

"Many people are caught in the “knowledge trap”. The pursuit of more facts, information, skills, experience, education or practical understanding of a subject before taking action.

We often hide behind knowledge acquisition and use learning as an excuse to delay the more important choice of actually doing something or getting your hands dirty. You should be spending your time actively practicing."

- Thomas Oppong

https://medium.com/the-mission/the-d...2a4#.azjksr50u

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,149
Edited 8:41pm Oct 2, 2016 8:26pm | Edited 8:41pm

LinFX
| Joined Jun 2015 | Status: Trader | 163 Posts

Quoting TooSlow

Disliked

{quote} Learning something new. Trying to do 6 at one time. Is that wise? Spend the extra time reading the thread.

Ignored

Yes, it's unwise. Thanks!

Last trade for last week challenge:

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GOLD BE+1

10 of 10 trades done. I completed my first challenge. Any reward?

Record so far: 5 wins, 5 BE+1, 0 loss.

So now I'm dropping back to 1 pair for the next 10 trades challenge. Cheers!

Simplicity is the key to brilliance

#7,150
Oct 2, 2016 8:27pm Oct 2, 2016 8:27pm

learn2fly
| Joined Aug 2016 | Status: Trader | 279 Posts

is this a good setup?
still waiting the result

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I Will Never Give Up

#7,151
Edited 10:22pm Oct 2, 2016 8:35pm | Edited 10:22pm

aosora
| Joined Sep 2016 | Status: Trader | 29 Posts

2/10.
GJ

Edit: +10pips

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#7,152
Oct 2, 2016 8:56pm Oct 2, 2016 8:56pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,153
Oct 2, 2016 8:57pm Oct 2, 2016 8:57pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

Quoting learn2fly

Disliked

is this a good setup? still waiting the result {image}

Ignored

Does the setup conform to the rules?

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,154
Oct 2, 2016 8:59pm Oct 2, 2016 8:59pm

TooSlow
Joined Mar 2012 | Status: Trader | 14,314 Posts

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade

#7,155
Oct 2, 2016 9:09pm Oct 2, 2016 9:09pm

aosora
| Joined Sep 2016 | Status: Trader | 29 Posts

Quoting TooSlow

Disliked

{image} {image} M15 bar must open below the lowest H1 open before you can enter. The above charts do not fit the new criteria for buying. The new criteria "filters out" these trades for the less experienced traders. The premise of buying at the lowest open is still valid for the more experienced traders. Decide for yourself to which group you belong.

Ignored

I see... This statement has answered my question a while ago....

#7,156
Edited Oct 3, 2016 12:40am Oct 2, 2016 10:09pm | Edited Oct 3, 2016 12:40am

LinFX
| Joined Jun 2015 | Status: Trader | 163 Posts

Hi TooSlow,

Started the new 10 trades challenge with GBPUSD only.

The 1st trade of 10:

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BE+5

I have doubt in this trade. Should I hold or exit immediately when a new highest open appeared after an entry (from old highest open)? Please see attached picture for more details.

I decided to hold and exit at BE+5, but I know it's not within the rules. Maybe I'm just lucky this time.

Cheers

Update:

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